Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.014%

Price spread now: Bitget against Extended−0.004%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.004%, 7d avg +0.030%

Together, before fees−0.002%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.033% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XBR-USD	97.774	0.0032	pay 0.0004% / 1h	25m 11s	$682K	$3.3M	10x
Short	Bitget BZUSDT	97.770	0	get 0.0000% / 4h	1h 25m	$27.9M	$17.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee BitgetbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$6.72
Price spread: −0.004% → +0.030%: −$3.34
Slippage, 4 orders: −$6.98
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$34.04
Costs to cover: 0.240%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Bitget: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 4 min ago	1.23 bp	4.4 bp −$4	12.7 bp −$127	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.51 bp	7.8 bp −$8	10.7 bp −$107	26.1 bp −$2,611	63.6 bp −$31.8K

BZ on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BRENT/USDC PERP	−0.0220%	1h	97.018	−0.773%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.810	+0.037%	$236K	$417K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.775	+0.001%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.771	−0.003%	$147.9M	$349.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.750	−0.024%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.760	−0.014%	$16.1M	$19.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.748	−0.026%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.720	−0.055%	$9.3M	$11.0M	100x	as long as short
Bitget BZUSDTshort	0.0000%	4h	97.770	−0.004%	$27.9M	$17.4M	100x
Variational Omni BZ	0.0000%	4h	97.748	−0.026%	$9.4M	$6.9M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	97.798	+0.025%	$24K	$305K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.780	+0.007%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.770	−0.004%	$100K	$252K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.690	−0.085%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	98.010	+0.242%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	97.760	−0.014%	$225K	$227K	20x	as long as short
BloFin BZ-USDT	+0.0004%	4h	97.780	+0.007%	$1.5M	$97K	50x	as long as short
Vest BZ-PERP	+0.0009%	1h	101.90	+4.220%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.315	+0.553%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.780	+0.007%	$3.3M	$4.1M	20x	as long as short
Extended XBR-USDlong	+0.0032%	1h	97.774	long leg	$682K	$3.3M	10x
Hotstuff BRENTOIL-PERP	+0.0040%	1h	97.760	−0.014%	$34K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.740	−0.034%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.792	+0.019%	$155.2M	$116.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.817	+0.044%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.690	−0.085%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0087%	1h	97.776	+0.003%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.780	+0.007%	$3.8M	$808K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.790	+0.017%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.783	+0.010%	$82K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.825	+0.053%	$116K	—	111x	as long as short